Government brings 5% deposit scheme forward
Exciting news for first home buyers!
The Federal Government is bringing forward major changes to the First Home Guarantee Scheme, now launching 1 October 2025 – three months earlier than expected.
Here’s what it means for you:
Buy with just a 5% deposit
First home buyers can now secure a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI) – potentially saving tens of thousands of dollars.
No income caps & higher property price limits
From 1 October, the updated scheme removes income limits and increases property price caps:
- QLD capital city & regional center: Raised from $700,000 to $1 million
- Rest of Qld: Up from $550,000 to $700,000
- Sydney: Raised from $900,000 to $1.5 million
- Rest of NSW: Up from $750,000 to $800,000
- Check full caps by region on the Housing Australia website
Bigger opportunity, broader access
- The cap on the number of guarantees has been lifted.
- More people in regional areas and younger buyers can now access the scheme.
- The Regional First Home Buyer Guarantee will be replaced by the First Home Guarantee, streamlining access across the country.
Why it matters:
This update could knock years off deposit saving time and open doors to home ownership sooner – especially in a tough housing market.
Need help navigating the new scheme?
As your local mortgage experts, we’re here to help you understand your options, check eligibility, and get pre-approval sorted.
Book a free consultation
📞 07 3193 0009| ✉️ info@visionmoney.com.au | 🌐 www.visionmoney.com.au
Join us this September for our Free First Home Buyer Workshop!
Discover everything you need to know about the latest government updates and the entire first home buying journey.
- Interactive Q&A
- Time to speak one-on-one with our expert panel
Featuring:
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Dimity Walker – Mortgage Broker
-
Rick Franzolini – Mortgage Broker
-
Chris Prestridge – Building & Pest Inspector
-
Courtney Lockett – Property Lawyer
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.